Every relevant finacial market has gone through a bubble. From housing to vehicles to dot.coms and even the finacial institutions themselves. Sudden interest and cashgrabs all but guaranteed from folks wanting to make money and for those who wish to get in on the action.
This past year has seen many, MANY ICO's come and go and with over 1000 different coins and projects going on at the time of this writing, it's apparent that the bubble is coming. The good news? It is this persons opinion that we are not there yet.
There are two factors that yet to be seen that will usher in this crypto bubble. First, mass market adoption. Putting crypto in the hands and minds of more and more people the world over to stake their claim and hodl till lambos will need to happen. The percentage right now is still very small but no doubt growing daily.
The second is accessiblity. Only a few options exists for buying crypto. Any veteran of the space knows many more options but largely fiat to crypto is the obvious choice here for mass market adoption.
So, what to do with that information? Watch. Listen. Read through the hype. Even though there have been many bubbles in the past, and there is little doubt in my mind that there will be one soon doesn't mean that there weren't markers for identifying the probabilty of the problem.
Do we have any now? Yes, a few. Electroneum is one. Their goal is to seek mass market adoption. A clever scheme that is similar to an air drop. Bitquence and others like it seek to increase the methods of acquiring crypto as well as storage. There are more but those are just the top of my head.
Another marker to watch for is failing projects increasing. ICO scams. Empty projects, wherein there is nothing tangible to a coin and little to the project.
Keep your eyes open and your mind clear. There is no shortage of opportunity on the horizon in this space but it is imperative should you wish to keep any gains to keep yourself abreast to the trends and notice the signs of the inevitable bursting.
I'll be doing a second part to this writing indicating what tech, if any, will still be around to clean up the mess.
Thank you for taking the time to read.
